2023/2024 PRE-BUDGET CONSULTATIONS

2023/2024 PRE-BUDGET CONSULTATIONS

The 2023/2023 pre-budget consultations have been taken to Mzuzu today. The minister of finance and economic affairs Sosten Gwengwe has revealed that the country has spent over six hundred billion kwacha in settling the national debt. According to the minister, there...
VALUE ADDED TAX (VAT) IN MALAWI

VALUE ADDED TAX (VAT) IN MALAWI

VALUE ADDED TAX (VAT) IN MALAWI What is Value Added Tax? A value-added tax, known in some countries as a goods and services tax, is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production,...
5 Reasons Why Businesses Fail in Malawi

5 Reasons Why Businesses Fail in Malawi

Running a business is like keeping an egg. All you need to know is to have that knowledge and skill to keep the egg in a form and place that will guarantee you happiness in future dates.  There are a number of stages in business but our focus is for those businesses...
Preparing Your Accounts? Don’t Repeat This Mistake

Preparing Your Accounts? Don’t Repeat This Mistake

Most SMES repeat the mistake of preparing accounts for the sake of Malawi Revenue Authority. This in turn forces them to lose the tangibility of financial statements. Before you get excited with your accounts you should be able to enjoy the benefits below. If you are...